Blockchain
South Korea Revolutionizes Job Applications with Blockchain Digital Badge
The government of South Korea has tapped blockchain technology to make the process of job applications easy for its people.
According to a local news report, the country’s Ministry of Science and ICT introduced “digital badges” powered by blockchain to revolutionize the job application process for the people of South Korea.
The Agreement
The initiative, announced on April 4, 2024, involves an agreement with government agencies like the Korea Internet and Security Agency (KISA), the Korea Employment Information Service, and the Human Resources Development Service of Korea.
The agreement aims to centralize employment-related information from various agencies into a unified digital badge service.
According to the report, participating agencies will work together to link, integrate, and verify job-seeker data, promote verified information in the private sector, and ensure system interoperability.
The rollout of the digital badge service simplifies job applications in the country by offering users the opportunity to compile their documents and academic achievements electronically without the stress of physically printing the documents.
Previously, job seekers in South Korea had to print out various certifications, transcripts, and course completion records from different institution websites to attach them to their applications. However, the digital badge service has removed this hurdle, eliminating the need for physical paperwork.
Lee Jong-ho, the Minister of Science and ICT, expressed the ministry’s commitment to supporting and ensuring that the blockchain-based digital badge service provides tangible convenience and efficiency for citizens engaged in job-seeking activities.
South Korea to Expand Digital Badge Services
Before introducing digital badges, the country’s Ministry of Science and ICT launched a pilot program on April 2, 2024, through the qualification examination site Qnet. During the trial, the ministry offered verification services for over 1,000 types of certificates.
The ministry said it plans to expand the system to include academic records, work experience, and training course completions in the future.
The planned expansion will allow job seekers to access and share all their credentials through a single web portal or mobile application.
Not the First
Meanwhile, South Korea has been making significant strides in the crypto sector since adopting blockchain technology.
Last month, the government announced plans to launch a crypto management system to track user information on digital asset trading platforms to ensure tax compliance. Managed by the South Korean National Tax Service (NTS), the tool is currently in development and will be launched next year.
In parallel, the city of Busan is undergoing a digital transformation by spearheading the development of a public blockchain in collaboration with local authorities. According to reports, the blockchain protocol will be compatible with popular layer 1 networks such as Ethereum.
The second-largest city in South Korea has earmarked 100 billion won, approximately $75 million, for this initiative, aiming to establish itself as a blockchain city.
Source: coinspeaker.com
The post South Korea Revolutionizes Job Applications with Blockchain Digital Badge appeared first on HIPTHER Alerts.
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
Blockchain
Global Collaboration and Elite Team Drive: TwyAe Advances into the New Era of Crypto Finance
TwyAe Exchange
SILEGX Exchange
-
Blockchain Press Releases6 days agoNotabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain4 days agoMoney Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
-
Blockchain Press Releases4 days agoVantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
-
Blockchain Press Releases5 days agoBybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases4 days agoBlockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
-
Blockchain Press Releases4 days agoVantage Australia Celebrates 15 Years of Trading Innovation with Groundbreaking Anniversary Video
-
Blockchain6 days ago
LAUD Announces Data-Driven Marketing Solutions to Empower Fintech Companies
-
Blockchain3 days ago
This Week in Finance News: 11 Stories You Need to See
